If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion …, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post …-Keynesian model with an endogenous distribution of wealth between workers and capitalists which permits such a corner solution of all …

If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion …, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post …-Keynesian model with an endogenous distribution of wealth between workers and capitalists which permits such a corner solution of all …

model that explicitly accounts for the dynamic interaction between capital accumulation, interest rates and wages, wealth … wealth …

Wealth concentration in the U.S. has increased over the past 25 years across multiple methodologies for measuring … wealth. But the reasons for the increase—and the timing of the increase—are quite different. In this note, we show that most … the sharp increase in wealth concentration during and after the crisis differ remarkably across methods. We describe some …

This chapter offers an overview of the empirical and theoretical research on the long-run evolution of wealth and … inheritance. Wealth–income ratios, inherited wealth, and wealth inequalities were high in the eighteenth to nineteenth centuries … show that over a wide range of models, the long-run magnitude and concentration of wealth and inheritance are an increasing …